Jump Financial LLC Takes $17.17 Million Position in Fluor Corporation $FLR

Key Points

• Jump Financial LLC has acquired 479,400 shares of Fluor Corporation, valued at approximately $17.17 million, representing about 0.29% of the company's stock.
• Fluor's earnings report showed a miss on analysts' expectations, with reported earnings per share of $0.43 compared to the consensus estimate of $0.59, and revenue of $3.98 billion versus an expected $4.55 billion.
• Institutional investors currently hold 88.07% of Fluor's stock, and recent analyst ratings show a mixed outlook with targets ranging between $41.00 and $71.00 per share.

Jump Financial LLC acquired a new position in shares of Fluor Corporation (NYSE:FLR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 479,400 shares of the construction company's stock, valued at approximately $17,172,000. Jump Financial LLC owned 0.29% of Fluor as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in FLR. Sterling Capital Management LLC boosted its position in shares of Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after purchasing an additional 408 shares during the period. Mariner LLC boosted its position in shares of Fluor by 25.9% during the 4th quarter. Mariner LLC now owns 34,172 shares of the construction company's stock worth $1,685,000 after purchasing an additional 7,026 shares during the period. NewEdge Advisors LLC boosted its position in shares of Fluor by 17.7% during the 4th quarter. NewEdge Advisors LLC now owns 7,181 shares of the construction company's stock worth $354,000 after purchasing an additional 1,081 shares during the period. GeoWealth Management LLC purchased a new position in shares of Fluor during the 4th quarter worth approximately $128,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Fluor by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock worth $124,087,000 after purchasing an additional 25,528 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on FLR. KeyCorp lowered shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price on the stock. in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Fluor from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Zacks Research lowered shares of Fluor from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. UBS Group reduced their target price on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Finally, Robert W. Baird reduced their target price on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $49.57.

Fluor Stock Down 0.7%

Shares of NYSE FLR traded down $0.29 during mid-day trading on Wednesday, reaching $41.13. The company had a trading volume of 2,835,584 shares, compared to its average volume of 3,616,704. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $48.89 and a two-hundred day simple moving average of $41.99. The stock has a market cap of $6.65 billion, a P/E ratio of 1.69 and a beta of 1.43. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last posted its earnings results on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). The company had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The company's quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Sell-side analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

Insider Buying and Selling at Fluor

In other Fluor news, Chairman David E. Constable sold 40,800 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the transaction, the chairman directly owned 870,627 shares of the company's stock, valued at approximately $42,660,723. This trade represents a 4.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the transaction, the insider directly owned 64,383 shares in the company, valued at $2,924,919.69. The trade was a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,320 shares of company stock worth $4,870,182 over the last three months. 1.70% of the stock is currently owned by insiders.

About Fluor

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.